Is the market’s PSU narrative overstretched?
Feb 22, 2024•6 min•Ep. 311
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Episode description
Stocks of public sector undertakings (PSU) have had a sterling rally this year. The 56-stock BSE PSU Index’s doubling outshines the Sensex’ modest 24% return this fiscal amid a valuation re-rating backed by earnings. But this rally isn’t a mere bubble.
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